I learnt a lot just from playing around with the spreadsheets and settings, not a difficult thing to do as all you need is EOD data. It should give you a good idea of the methodology of buying when things fall and selling when they rise anyhow. The Aim Excel template is a useful tool.

Problem with Lichello's idea as I see it is that if you want alpha then you need to dance with the high beta stocks in your index and this entails stock specific risk that is really hard to measure, survivorship bias is a large issue here when you try and backtest. Probably a return to wide ranging and non trending markets like Lichello experienced in the US in the 70's when he devised this trading idea might allow the idea to thrive, these are not the markets we are experiencing at the moment.

Actually I could go on, but could be I'm the only one interested

** edit.. actually a poster GP created a wizard little application for AmiBroker software that does the AIM testing automatically... I'm a bit analog and prefer Excel still.

I like the theme of the AUD going to parity with the USD, not an easy trade to stick with but something I have been thinking about.

It's the direction everything is headed, could turn around of course, but it's the direction we are driving.

Click to expand...

Insight,

It seems to me that way as well.
In the short term chart pattern suggest rather move down than up (or sideways), but future inflation data, employment and commodity demand, may influence AUD/USD direction.
Sure, we may hit parity with the USD in the future (I would not be surprised ), but at the moment I would not bet on it.